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Old 10-23-2007, 06:12 AM
Jocelyn Jocelyn is offline
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Join Date: Oct 2007
Location: United States
Posts: 141
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If you're attempting to trade this pair from an intraday stance, then you're definitely swimming against the tide.

Marking out your current weeks H-L points, price has printed some very bullish candles down there @ 230.70-90 from 15mins thru to 240mins.

It's also very clearly establishing a higher high/higher low peak-trough pattern off the temporary bottom from yesterdays descent, which surely equates to "buying dips" until the last higher low at this mornings level of 232.40 is breached?

If you're maybe looking to attack it from the 'short' side from a mid-term perspective, then waiting for price to nudge the next s&r zone @ 234.50-70 would make more sense?

But from whichever stance you're studying it, at current levels I only see "longs" at least until it negates this series of higher highs & lows.
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